Renault (OTCMKTS:RNLSY) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemRenault (OTCMKTS:RNLSY – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 180,130 shares, an increase of 841.3% from the July 15th total of 19,136 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 332,104 shares, the days-to-cover ratio is presently 0.5 days.
Analyst Ratings Changes
Separately, Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Renault currently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on Renault
Renault Stock Down 0.9%
Renault stock traded down $0.06 during mid-day trading on Tuesday, hitting $6.51. 180,507 shares of the company’s stock traded hands, compared to its average volume of 148,896. The firm has a 50 day moving average price of $6.12 and a 200 day moving average price of $6.70. Renault has a one year low of $5.60 and a one year high of $8.79.
About Renault
Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.
Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.